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While the money sat in a Philippine government account in Switzerland, successive administration debated what to do with the funds. By 1998 the funds had grown to $570 million with interest, and were transferred to an escrow account in Philippine National Bank. In July 2003, the Supreme Court of the Philippines ruled with finality that the ...
The Securities and Exchange Commission (SEC) filed criminal charges against Kapa-Community Ministry International and its executives, citing an investment scam. [7] [8] President Rodrigo Duterte was the first government official to announce the legal actions, doing so on June 8, 2019, when he ordered the National Bureau of Investigation (NBI) to shut down Kapa.
Fake news in the Philippines refers to the general and widespread misinformation or disinformation in the country by various actors. It has been problematic in the Philippines where social media and alike plays a key role in influencing topics and information ranging from politics, health, belief, religion, current events, aid, lifestyle, elections and others.
Gaza claims to be the President and CEO of Hong Kong-based Guanxiqian Group. [4] [5] [6] He also claims to be the founder of Gazaboy Group of Companies and Gazera Media.[6]He first came to wider public attention in mid-2017 for publicly asking out actress Erich Gonzales for a coffee date via a billboard.
Napoles's business interests date back to the early 1990s. In 1993, she solicited for investments in a shipyard in Cebu, promising 5% interest on all investments.It was later discovered that the money was not invested in the shipyard: according to Col. Ariel Querubin, who was a friend of the Napoles family, the money they had invested in the shipyard was reportedly invested elsewhere, with ...
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund granted to each member of Congress for spending on priority development ...
2022–2023 Philippine sugar crisis – involving president Bongbong Marcos, former executive secretary Vic Rodriguez and several other officials from the Sugar Regulatory Administration and the Department of Agriculture for the release of Sugar Order No. 4, which directed the importation of 300,000 MT of sugar to the Philippines in August 2022 ...
In 2012, President Benigno Aquino said that, according to Transparency International, the factors driving the progress in the Philippines' Corruption Perception Index scores at that time were improved government service and reduced red tape. [8] Between 2012 and 2014, the Philippines's score rose from 34 to its highest-ever score of 38. [9]